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YG Entertainment Stock Hits 15% Daily Limit on News of Louis Vuitton Investment

YG Entertainment Stock Hits 15% Daily Limit on News of Louis Vuitton Investment

SEOUL, Aug. 14 (Korea Bizwire) — Korea’s big-three talent agencies–SM Entertainment, YG Entertainment, and JYP Entertainment–are competing hard in launching new idol groups. Of these, however, only YG Entertainment has seen its share price soar recently while others are languishing in the market. According to financial investment sources on August 13, the top-three entertainment agencies have debuted [...]

Perfume to Be Exempted from Taxation Starting 2015

Perfume to Be Exempted from Taxation Starting 2015

SEOUL, Aug. 14 (Korea Bizwire) — Beginning January of next year, the government will exempt taxes on perfume, deer velvet antler, and royal jelly for purchases less than 150,000 won (US$145.60). With the new measure, it is expected more consumers to make online purchases of perfumes from overseas shopping sites. According to the Ministry of Strategy & [...]

“Andersen Fairy Tale Park” to Open in Seoul

“Andersen Fairy Tale Park” to Open in Seoul

SEOUL, Aug. 13 (Korea Bizwire) — Hans Christian Andersen, the 19th century Danish author best remembered for his fairy tales from “The Little Mermaid” to “The Ugly Duckling,” “The Emperor’s New Clothes,” and to “The Snow Queen” that has recently been released as animated film “Frozen,” will come to Seoul in the form of his namesake park. [...]

Chimak Festival in Ningbo Closes after 4 Days of Big Turnout

Chimak Festival in Ningbo Closes after 4 Days of Big Turnout

SEOUL, Aug. 13 (Korea Bizwire) — An international “chimak” festival, sponsored jointly by the city governments of Daegu (Korea) and Ningbo (China), was held in the city of Ningbo in China’s Zhejiang Province for four days between August 8 and 11 with thousands of visitors filling the venue. Chimak is a compound word between (fried) chicken and beer. The [...]

Research Team Develops Technology to Transfer Graphene Directly onto Substrates

Research Team Develops Technology to Transfer Graphene Directly onto Substrates

SEOUL, Aug. 12 (Korea Bizwire) — A Korean research team has succeeded in developing a technology to directly transfer graphene from copper foil to various substrates such as PET(Polyethylene terephthalate), PDMS (a silicon-based organic polymer), and glass. As the technology can transfer graphene to a wide variety of substrates that can be reused over again, it is [...]

Samsung Unveils New Refrigerator “Slim Style” for Single Homes

Samsung Unveils New Refrigerator “Slim Style” for Single Homes

SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics launched on August 11 a new refrigerator “Slim Style” customized to the lifestyle of single families. In consideration of the fact that singles reside in smaller homes and are keenly interested in interior design, the company came up with a design slimmer in width and depth but taller in height [...]

Court Acknowledges Military Dog Handler as Person of National Merit

Court Acknowledges Military Dog Handler as Person of National Merit

SEOUL, Aug. 11 (Korea Bizwire) — Korea’s high court ruled in favor of the plaintiff who asked the government to acknowledge his degenerative back conditions due to handling military dogs that he may collect benefits as a person of national merit. The administrative court in the Seoul Appeals Court said on August 8 that it overturned a [...]